Fitch ups #Italy from BBB- to BBB despite an exorbitant debt ratio. Expects debt ratio to fall <1

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Fitch ups #Italy from BBB- to BBB despite an exorbitant debt ratio. Expects debt ratio to fall <154% of GDP by end-2021 from its peak of 155.6% at end-2020 compared with the 'BBB' current median of 54% of GDP. Sees GDP at ~150% of GDP by 2025. h/t Holger Zschaepitz

Fitch ups #Italy from BBB- to BBB despite an exorbitant debt ratio. Expects debt ratio to fall <1

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